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Dec 30, 2012
12/12
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WBAL
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one, some of the major taxes will roll out, three big taxes that are going to fund, although not, we should be clear on this, the tax on high value health insurance plans provided by employers. that won't begin until 2018. you will see changes t in the medical delivery system itself. key performance for hospitals in terms of how they pay for services, moving away for pay for volume and towards pay for quality. those are going to roll out over the next year. come the end of next year 13, we will see the massive coverage expansion where many, many, many people get the tax credit to either get private insurance or get covered by medicaid. bestill expect the scale of that expansion by the beginning of 2014 to be in the range of 25 to 30 million people. they will be a lot of folks. beyond health care, it becomes a lot less certain. gun control, i wouldn't -- i expect a significant conversation. it is hard to imagine anything tremendously radical being done given both the come position of congress and due to now congress's powerful areas. >> mike, what's your ideas or predictions for the n
one, some of the major taxes will roll out, three big taxes that are going to fund, although not, we should be clear on this, the tax on high value health insurance plans provided by employers. that won't begin until 2018. you will see changes t in the medical delivery system itself. key performance for hospitals in terms of how they pay for services, moving away for pay for volume and towards pay for quality. those are going to roll out over the next year. come the end of next year 13, we will...
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Dec 22, 2012
12/12
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FBC
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eye 42
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. >> leaders need a tax cut, middle tax cut. senate have anything against it they should pay fair share of taxes. neil: you're not santa. you're not, because i know santa. santa is a friend of mine and my santa wouldn't use his position to sell a cheap political point but that's just what this crackpot cringe gel was doing in washington tod. targeting republicans for blocking needed spending and i guess, just being cold, heartless souls. leaving aside reality where the real santa's payingor all the gifts that congress doles out. must we use an icon to plug these morons? by the way, first time th guy was on capitol hill he was reading off a prompter. what idiot reads off a prompter? scroll up a little bit, please. anyway, anyway, it is a biz blitz segment. we have banking big wicking -- bigwig, john allison. i couldn't believe this, john, using santa to sell your cheap thought. your thoughts? >> it is interesting, neil, santa is a very just person. he requires children not to be naughty. he requires implication, he said that chil
. >> leaders need a tax cut, middle tax cut. senate have anything against it they should pay fair share of taxes. neil: you're not santa. you're not, because i know santa. santa is a friend of mine and my santa wouldn't use his position to sell a cheap political point but that's just what this crackpot cringe gel was doing in washington tod. targeting republicans for blocking needed spending and i guess, just being cold, heartless souls. leaving aside reality where the real santa's...
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Dec 29, 2012
12/12
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KGO
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eye 203
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then, income taxes will go up across the board, every tax bracket. we're talking about real money for every household. for instance, a single parent with two kids making $37,000 a year, she'll get walloped with a $2800 plus tax increase. a married couple with a kid in college making about $137,000, that's $8,000 more in taxes on that family. and if you're really rich, say lebron james rich, $53 million a year, cough up $2.4 million more to uncle sam. and that's not all. two million americans who lost their jobs are getting help through unemployment benefits. at the stroke of midnight on january 1st, they get stiffed not a dime more. >> the federal help for unemployment benefits will go away. >> that's real pain for people who are already suffering. >> yes. and it's also an immediate removal of economic activity from the economy, because if you get unemployment benefits, that money gets spent into the economy relatively quickly. >> and the hits just keep oncoming. capital gains taxes, up 5%. the child tax credit cut in half from a thousand dollars per
then, income taxes will go up across the board, every tax bracket. we're talking about real money for every household. for instance, a single parent with two kids making $37,000 a year, she'll get walloped with a $2800 plus tax increase. a married couple with a kid in college making about $137,000, that's $8,000 more in taxes on that family. and if you're really rich, say lebron james rich, $53 million a year, cough up $2.4 million more to uncle sam. and that's not all. two million americans...
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Dec 30, 2012
12/12
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FBC
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eye 93
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and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineering degree and you gradua from mit. you want to start a high-tech company. would you started in the united states, where you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax rate is zero? many of our major partners have zero
and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you tax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk little bit about...
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Dec 30, 2012
12/12
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CSPAN2
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eye 123
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it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not productive at a value that is not realistic and pay a tax, and a 55% tax is pretty confiscatory. so, mr. president, i do hope that we can come together on a bipartisan basis because if we don't come together on a bipartisan basis, nothing will get done because we have the house that is looking to the united states senate, that is supposed to be the adult in the room, and they are looking at us to see how the votes turn out. and we need a large majority on both sides of the aisle to accepted to the house something that has a firm stamp of approval from this body. and we need the president to be a player
it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not...
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Dec 22, 2012
12/12
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CSPAN
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eye 69
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trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. >> [inaudible] >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that was the real issue. one of my colleagues the other night had an analogy of 100 people drowning in a pool, and that he was a lifeguard. because he could not save any of them, does that mean that he should not have done anything? his point was, if i can go in there and save 99 people that are drowning, that is what i should do as a lifeguard. but the perception was out there and a lot of our members did not want to deal with it. >> [inaudible] are you willing to pass a bill [inaudible] >> we have passed a bill and is sitting in the senate. we passed a bill to deal with the sequester. what we were trying to do this week was to basically jumpstar
trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. >> [inaudible] >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that was the real issue. one of my...
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Dec 22, 2012
12/12
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KRCB
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they see taxes as a fundamental bedrock issue of what it means to be a republican. and if they give that up, they raise taxes, they lose a fundamental part of their identity as a party, then they weigh that against the economic damages that we hear about if we have a messy fight over the debt limit. those are the tradeoffs that leaders are making and where they come down depends on what they hear from their constituents. >> well, to be continued the day after christmas. we'll see what happens. thanks a lot, attorney. have a good weekend, washington bureau chief darren still ahead, our friday market monitor guest is looking beyond the fiscal cliff and he sees stocks moving higher in the new year. he's richard steinberg of steinberg global. >> susie: fiscal cliff fears, scared off investors today. stocks fell sharply, as those cliff negotiations broke down. all the major averages we down about%. by the close, the dow tumbled 121 points, the nasdaq lost almost 30, and the s&p 500 was down 14 points. with just five trading days left this year, investors are beginning to
they see taxes as a fundamental bedrock issue of what it means to be a republican. and if they give that up, they raise taxes, they lose a fundamental part of their identity as a party, then they weigh that against the economic damages that we hear about if we have a messy fight over the debt limit. those are the tradeoffs that leaders are making and where they come down depends on what they hear from their constituents. >> well, to be continued the day after christmas. we'll see what...
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135
Dec 29, 2012
12/12
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LINKTV
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and, instead of voting for a tax increase, they are voting for a tax cut. the same policy, when you are voting for it on january 4, would be a tax cut. today, it would be a tax increase. it is a weird way of thinking about it, but we are a strange land, in terms of u.s. policy right now. heather is a sense the entire dynamic would change if we get a few days into the new year without a deal. the white house feel they have gone close to as far as they can go in terms of an offer. the have adjusted their proposal on tax increases so they would only go up on those making $400,000 a year, not $250,000 a year. they want real concessions out of the republicans before the agreed to everything. they do not want to negotiate against themselves and throw in the towel when they do not need to. >> what does it mean for the world economy if the u.s. does fall off this fiscal cliff, even if only for a few days? >> if we have learned anything the last few years, it is how connected this economy is. the european crisis has the image of the world economy. the sub from price
and, instead of voting for a tax increase, they are voting for a tax cut. the same policy, when you are voting for it on january 4, would be a tax cut. today, it would be a tax increase. it is a weird way of thinking about it, but we are a strange land, in terms of u.s. policy right now. heather is a sense the entire dynamic would change if we get a few days into the new year without a deal. the white house feel they have gone close to as far as they can go in terms of an offer. the have...
180
180
Dec 23, 2012
12/12
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FOXNEWSW
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snow across the panhandle of taxes and oklahoma. snow in oklahoma and we'll watch this potentially be a major weather maker wednesday and thursday across the northeast. so if you've -- pretty good travel conditions to get to your destination for christmas. getting home from christmas might be a different story wednesday and thursday from this storm. >> weather 8, how many of these fancy map things do you have? >> not enough. let me tell you, but we've got five different systems we run the maps on and sometimes the wrong one gets plugged in. >> i see you studying this stuff all the time. thanks a lot. >>> the clock ticking down. can you believe it's nine days until spending cuts and tax hikes kick in for all of us? the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the p
snow across the panhandle of taxes and oklahoma. snow in oklahoma and we'll watch this potentially be a major weather maker wednesday and thursday across the northeast. so if you've -- pretty good travel conditions to get to your destination for christmas. getting home from christmas might be a different story wednesday and thursday from this storm. >> weather 8, how many of these fancy map things do you have? >> not enough. let me tell you, but we've got five different systems we...
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334
Dec 27, 2012
12/12
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KGO
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eye 334
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the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 y
the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye....
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Dec 23, 2012
12/12
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WBAL
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eye 202
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thpresident's wants to lock in tax cuts for 98% of americans but some republicans refuse to raise taxes on anyone. for a few days, both sides are setting aside the politics. >> i wish all of the american people a blessed christmas. >> merry christmas. >> happy holidays. >> the president and speaker say it is not too late. but if someone cannot find a way to give, americans aren't in danger of getting a tax increase on january 1. >> we obviously survive yesterday's predicted end of the world and that seems we will avoid another disaster. an asteroid no longer poses a threat. there was a fear that the asteroid had a 1% chance of hitting the earth in 2014 but now astronomers say it will come no closer than half a million miles. according to scientists, it would have meant a release of 100 megatons of energy. >> now your insta-weather plus forecast with lowell melzer. >> wanted to show you, we are starting to notice a couple of flurries. some around the beltway and others around the baltimore beltway. you could see a flurry or two. we were normal today but it filled cooler because of the wi
thpresident's wants to lock in tax cuts for 98% of americans but some republicans refuse to raise taxes on anyone. for a few days, both sides are setting aside the politics. >> i wish all of the american people a blessed christmas. >> merry christmas. >> happy holidays. >> the president and speaker say it is not too late. but if someone cannot find a way to give, americans aren't in danger of getting a tax increase on january 1. >> we obviously survive yesterday's...
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Dec 30, 2012
12/12
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CSPAN
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-- raise taxes. but they do believe across the aisle that washington is broken, and it is not ok to bicker and fight, go home and put out press releases and blame the problems on someone else. we have to reach across the aisle, figure out what we can do and agree on to move our country forward, and get things done. you will see that in the coming three to six months i understand the pessimism all across the country. -- months. i understand the pessimism all across the country. somehow, someway, the leaders in our country have repeatedly found ways to move past our differences. there's no reason to believe that we cannot do it now. uke messer,tative lo thank you for being on "newsmakers." let me turn to our reporters for a bit of a rapid conversation. he is the freshman president for public and, coming into the 113th congress. who are they? >> they are a very diverse bunch. there are some people who are new to politics. but a lot of them are long lines of luke messer, who have been in government at ma
-- raise taxes. but they do believe across the aisle that washington is broken, and it is not ok to bicker and fight, go home and put out press releases and blame the problems on someone else. we have to reach across the aisle, figure out what we can do and agree on to move our country forward, and get things done. you will see that in the coming three to six months i understand the pessimism all across the country. -- months. i understand the pessimism all across the country. somehow, someway,...
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Dec 24, 2012
12/12
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CSPAN
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you have to do something on taxes. really, plan b was about tax cuts, not spending. it seems to me the only with the republican party will get major spending cuts passed is it they also agreed to new revenue. otherwise, the president cannot be out there continually only cutting spending while leaving all of the bush-ever tax cuts in place. host: let me share with you what emily etherege writes. she says it is almost certain that social security will be part of the deal. continued murkiness has groups concerned. democrats are critical of the president putting this issue on the table. republicans say it has to be. guest: despite the conversations about the grand bargain, it was never going to happen, there had not been enough preparation. one of my predictions from my column in 2012 was predictions for next year. what i am telling everybody is we are not going to get a big tax reform package next year because it takes two years to enact. without that, we will not get mandatory spending changes. that means the grand bargain is two years off. it cannot be part of the fis
you have to do something on taxes. really, plan b was about tax cuts, not spending. it seems to me the only with the republican party will get major spending cuts passed is it they also agreed to new revenue. otherwise, the president cannot be out there continually only cutting spending while leaving all of the bush-ever tax cuts in place. host: let me share with you what emily etherege writes. she says it is almost certain that social security will be part of the deal. continued murkiness has...
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Dec 30, 2012
12/12
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WMAR
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if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to abc2news.com. head to the home page slide show for breakdown of what difference scenarios in -- difficulty scenarios in washington -differ scenarios in washingtoncould different scenarios could mean in washington. >>> look at the flames shooting from this house. investigators say a 4-year-old saw the fire and told his grandmother because his parents were not home. man inside tried to put it out- - -- a man inside tried to put piet out but the flames were too intense. no one was injured but the fire caused more than $100,000 worth of damage to the house. >>> a 33-year-old man w
if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to abc2news.com....
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Dec 30, 2012
12/12
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CNNW
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you look at say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean a lot of small businesses are going to pay that nearly 40% marginal tax rate where you have billionaire private equity funds paying 15, 20 or even 24 depending on where they put it. not an issue of penalizing investment income but penalizing labor and those who make their income through wages and they should both be taxed at the same rate. i do, again, fundam and at least raising the capital gains rate would help address this anomaly and susan collins and clara mccasical give legitimate -- you have billionaire equity managers paying 39%. i think this is a source of unfairness and inefficient and we should be taxing all income at the same rate. >> a fiscal cliff compromise likely won't happen without those special interests in having their say and their sway with these negotiations. i mean, how much do these lobbying groups really wind up turning the negotiations in a certain way to really make things sort of end up where we just started? >> again, capital gains an
you look at say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean a lot of small businesses are going to pay that nearly 40% marginal tax rate where you have billionaire private equity funds paying 15, 20 or even 24 depending on where they put it. not an issue of penalizing investment income but penalizing labor and those who make their income through wages and they should both be taxed at the same rate. i do, again, fundam and at least...
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95
Dec 30, 2012
12/12
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WJLA
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eye 95
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would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >> as the deadline approaches, our coverage of the fiscal cliff negotiations continue on television and on-line at wjla.com. >> some people in the area are still cleaning up after the high wind thursday. and, apart, a tree crashed through a house. -- in takoma park, a tree crashed through a house. in mclean, trees littered the georgetown park way. >> maryland health officials are reporting their first death related to hypothermia of the season. the health department says a 65- year-old man died in frederick county between december 18-24. pulte officials did not rel
would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >> as the deadline...
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Dec 30, 2012
12/12
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CSPAN
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, tax reform and tax incentives for charitable giving. back to the phones. jack in michigan, on our line for independence. go ahead, jack. caller: i want to ask mr. rosenberg if he has ever heard of lincoln electric in cleveland, ohio. host: and why did he wanted to know that? caller: well, they wrote a book, james f. lincoln wrote a book, a new approach to industrial economics where they have no unions. everybody is responsible for their own work. they do peace work. everybody's responsible. everybody has a lifetime job. they get huge pieces of the pie. and ownership is -- the people, the workers, everybody owns the piece of the pie. host: what does this have to do with the fiscal cliff? caller: well, if more -- if more people -- if more industries would go to that, they wouldn't fall off the cliff. everybody would go to work. host: mr. rosenberg? guest: so i haven't heard of that but it sounds like a great place to be and live. i would have to get the name of that again. host: next up is don on the washington redskins. -- "washington jo
, tax reform and tax incentives for charitable giving. back to the phones. jack in michigan, on our line for independence. go ahead, jack. caller: i want to ask mr. rosenberg if he has ever heard of lincoln electric in cleveland, ohio. host: and why did he wanted to know that? caller: well, they wrote a book, james f. lincoln wrote a book, a new approach to industrial economics where they have no unions. everybody is responsible for their own work. they do peace work. everybody's responsible....
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253
Dec 27, 2012
12/12
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KOFY
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eye 253
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the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 y
the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye....
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127
Dec 23, 2012
12/12
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WJLA
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eye 127
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grover norquist dropped his tax opposition. boehner himself said many in his caucus were worried about primaries. >> grover norquist ds not have the power. essentially, he started to backpedadal on the meaning of the edge. it is absole nonsense. those conservaves do not owe their allegiance to grovover norquist. >> did he create something that he can no longer control? the power of the original tax plededge seems to ill resonate with many of these members. >> there are plenty of people who picked up that banner. i t think there is a commitnt to that pledge that goes fa beyond grover norquist. >> those conservative members of congress have a mandate just the way president obama does. so does speaker boehner. whenr. obabama comes down pennsylvania anue and does something he hasas never been inclined to do, put together aa coalition in the middle of whatever moderate democrats and republblicans he confined, get off his high horse about spending, and make those compromisises that he needs to make, he is not going to win. that in i
grover norquist dropped his tax opposition. boehner himself said many in his caucus were worried about primaries. >> grover norquist ds not have the power. essentially, he started to backpedadal on the meaning of the edge. it is absole nonsense. those conservaves do not owe their allegiance to grovover norquist. >> did he create something that he can no longer control? the power of the original tax plededge seems to ill resonate with many of these members. >> there are plenty...
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Dec 30, 2012
12/12
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CNNW
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about whether to raise taxes, tax rates on anybody. you're going to begin to see this conversation as the conversation moves forward. the rifts in the democratic party about what programs should be cut and what programs should be saved. and i think that's a little of what you're seeing now. i don't know if it's enough to sort of throw the whole deal out. i think only those folks -- you did hear the folks, senator mcconnell saying i've called my friend joe biden, can he get to the president. it's clear that the democrats are saying that the president is the one who won't -- you know, who doesn't want to put up a counteroffer. so we'll see. >> changes by the hour. >> candy crowley, thank you as always, we'll be in touch. >> all eyes continue to be in washington as the cliff gets closer, the president insists 0 a tax hike for the rich. but the republicans won't budge. something has got to give. a.b. stoddard weighs in. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and
about whether to raise taxes, tax rates on anybody. you're going to begin to see this conversation as the conversation moves forward. the rifts in the democratic party about what programs should be cut and what programs should be saved. and i think that's a little of what you're seeing now. i don't know if it's enough to sort of throw the whole deal out. i think only those folks -- you did hear the folks, senator mcconnell saying i've called my friend joe biden, can he get to the president....
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130
Dec 30, 2012
12/12
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FBC
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eye 130
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shoort-term expiring tax cuts, including the payroll tax cut. you know, it's not the best way to solve a problem, but th cliff is the result of not coming up with deals and they're not going to come up with battery deal, if it's negotiated it's nothe ideal way to solve it outfter deficit. we'd like t gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the other guest's pot, close to a trillion dollars anyway, and it's the closest shot leaves us with aeficit and closing this gap we can't get out of. and since they lowered taxes they raise spending and two things have to convening and one unfortunate way to do it. >> aren't we in the end, toby, go to get a bad deal? >> from the market sndpoint e want to this riding in the last moment on white horses kumbayah, i believe the last hour the last day. >> the markets have been down had a bad week, selloff. >> in the futures market on friday, just after the guys came outen said maybe we have a deal, shot up a hundred
shoort-term expiring tax cuts, including the payroll tax cut. you know, it's not the best way to solve a problem, but th cliff is the result of not coming up with deals and they're not going to come up with battery deal, if it's negotiated it's nothe ideal way to solve it outfter deficit. we'd like t gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the other guest's pot, close to a trillion dollars...
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Dec 30, 2012
12/12
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we have a current tax rate, 15%. on january 1, the capital gains tax ra will jump to 23.8%. i talked to a lot of my frien and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%. our major trading partners, britain and europe and canada -- they are oly 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growthof economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >> it will slow the flow of venture capital and investment for high-technology companies. if you think about every major high-tech company like apple or microsoft or ebay or amazon, they were all nurtured by high income people putting money in early on to these startup companies. we dramatically cut the capital gains ta rate from 4
we have a current tax rate, 15%. on january 1, the capital gains tax ra will jump to 23.8%. i talked to a lot of my frien and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%. our major trading partners, britain and europe and canada -- they are oly 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just...
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Dec 29, 2012
12/12
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the estate tax would rise. at today's prices, it could be worth 8 million. >> you are wealthy, right? but it's all in the dirt. you know. we are dirt rich, cash poor. >> reporter: for the pages, more than money is at take. they want the land of their past to be part of their future. john blackstone, napa valley. >>> log onto cbssf.com. >>> heightened patrols for drunk drivers are getting underway starting tonight. agencies will set up dui chick points. the drunk driving crack down comes as the depate is proposing tougher penalties for repeat offenders. devices to prevent a car from starting if the driver is intoxicated. >> we need to do more to save lives. >> statewide, the chp made close to 1200dui arrests during the holidays. >>> another friday night road hazard, critical mass taking to the streets. only a handful of bicyclists showed up tonight in san francisco. this year marks the event's 20th year. >> checking out the headlines, three more murders brings oakland's homicide rate to it's highist since 2006.
the estate tax would rise. at today's prices, it could be worth 8 million. >> you are wealthy, right? but it's all in the dirt. you know. we are dirt rich, cash poor. >> reporter: for the pages, more than money is at take. they want the land of their past to be part of their future. john blackstone, napa valley. >>> log onto cbssf.com. >>> heightened patrols for drunk drivers are getting underway starting tonight. agencies will set up dui chick points. the drunk...
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Dec 27, 2012
12/12
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CNNW
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we need to not just raise taxes. if we give the president every tax increase that he wants. we need to address the spending. >> and the president has addressed that. no one is saying that there should be no spending cuts. >> ultimately. we have to find a bring here to get across. what are the ways we can agree on that will help us through that. i would would brry if we get do our fox holes and shoot across at each other. you know our international reputation is going to suffer. every other country in the world and watching this is going to say is america prepared to leave? >> you can't trust these guys, they are not up to it. >> if the nation slides into a resocial. i think the republicans will pay the biggest price in the beginning. the president so far has the fact is the republicans have been losing the message war on that. for its own sake it need to listen to the right of center not the nar right. right now, it has to act as if look, the country's needs come first. what do we need to do some protect the country's welfare. we thought it would come with the event of the e
we need to not just raise taxes. if we give the president every tax increase that he wants. we need to address the spending. >> and the president has addressed that. no one is saying that there should be no spending cuts. >> ultimately. we have to find a bring here to get across. what are the ways we can agree on that will help us through that. i would would brry if we get do our fox holes and shoot across at each other. you know our international reputation is going to suffer....
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Dec 30, 2012
12/12
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FBC
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of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 0% since the recession. you can't find a job. 3 percent of them have jobs paying high-school wages. so you're right. it's not getting better, and again, we have the incompence in wasington making things worse. tom: but the numbers, you look at the numbers and you see those numbers, they are inching up a little bit. we are getting a little bit of growth. we have a little better ventilation. we have a little bit of a
of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world....
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Dec 29, 2012
12/12
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FBC
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taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in fur years when it comes to policy making, and the reason we are here is that the delay decisions for the past two years. i do think that something will happen because if it doesn't the consequences will be so severe in th
taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any...
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Dec 22, 2012
12/12
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MSNBCW
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do a tax cut before it expires. we have said for weeks it would be a lot easier for republicans after the tax cuts to come and vote for the 98% below and say, hey, we took the best tax cut deal we can. >> jared, i think that many in the country, and i speak to folks every day for three hours a day. i think that many were hoping for so much more. republicans and democrats, who took a look at that year-long effort, simpson-bowles, and thought it had some attractive qualities because there was equal pay. you know, the military was getting cut, entitlements were being reformed, taxes were being altered. we're nowhere near any of that now. >> put me on that list. i maybe a hard core policy wonk but we're exactly where they are. i think compromise is the only way we get from where we are to where we need go, and what i've tried to stress and the president has been good on this lately as well. we actually have an economic recovery. it's not strong yet, but it's starting to gain some traction. and the idea that you would ga
do a tax cut before it expires. we have said for weeks it would be a lot easier for republicans after the tax cuts to come and vote for the 98% below and say, hey, we took the best tax cut deal we can. >> jared, i think that many in the country, and i speak to folks every day for three hours a day. i think that many were hoping for so much more. republicans and democrats, who took a look at that year-long effort, simpson-bowles, and thought it had some attractive qualities because there...
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Dec 30, 2012
12/12
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WTTG
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and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote
and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm...
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Dec 30, 2012
12/12
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>> that is right, the temporary payroll tax cut is set to expire, affecting everyone getting a paycheck. we are told senate leaders are trying everything, private conferences, phone call, email trying to hammer out a deal before the deadline. the clock is ticking, just three days left now. >> i'm hopeful and optimistic. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >> whenever we come up with will be in perfect. >> it comes up with president obama calls the bare minimum addressing tax cuts without doing anything to curb spending. >> we will get at best a patch and be here again in two months. congress cannot get out of its own way. >> average family would pay an extra $3,400
>> that is right, the temporary payroll tax cut is set to expire, affecting everyone getting a paycheck. we are told senate leaders are trying everything, private conferences, phone call, email trying to hammer out a deal before the deadline. the clock is ticking, just three days left now. >> i'm hopeful and optimistic. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit...
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Dec 24, 2012
12/12
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WUSA
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instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president is scheduled to return to washington wednesday. there's no word if any new talks are planned. >>> even if we go over the cliff, workers won't feel all of the tax increaseness their january paychecks. the american payroll association says it's already too late for employers to accurately with hold income taxes from january paychecks. however, workers will immediately feel the squeeze of a 2% social security payroll tax. >>> 9news is tracking the discussions on capitol hill concerning the fiscal cliff. we've broken our newsroom into four groups. one to monitor the potential impact on the local economy. a second to prepare you for what could happen to you and your family. a third will help you take action and the fourth will hold lawmakers accountable. you can get alerts sent straight to your phon
instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president is scheduled to return to washington wednesday. there's no word if any new talks are planned. >>> even if we go over the cliff, workers won't feel all of the tax increaseness their january paychecks. the american...
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Dec 28, 2012
12/12
by
FBC
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any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, abou the tea party. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concerin the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate questn, yes, we were better off than the depths of being in a whole. president clinton
any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i...
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Dec 29, 2012
12/12
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FBC
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lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck ofn initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues toet us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the wte house to talk big with the big guys, but small business thatf creates most these cut
lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck ofn initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues toet us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going...
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the daily reckonings eric bryant and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup cartel yes cartel i said maple syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital account. in the u.s. as we watch this fiscal cliff charade it honestly sounds just so much like what we were hearing during the debt ceiling debate of two thousand and eleven when lawmakers were bickering and another ratings agency was threatening to drop the u.s. is aaa credit rating and then it of course did now that was met with much fanfare in the beginning but then not many direct consequences the dollar has strength
the daily reckonings eric bryant and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple...
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Dec 22, 2012
12/12
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FBC
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tax rate. it is humongous. gerri: we talk about people rushg to the year-end, what other kind of impact does that have? >> it's making everyone scramble on every part of everybody. the banks from everybody trying to get ahead of everyone else to get the closingschedules. getting all the paperwork in order. gerri: is every attorney throughout the country, every real estatebroker -- are they running to meet this deadline? >> i'm talking about being on the phone at 2:00 a.m. and 3:00 a.m., all night. my counterparts in los angeles are telling me that they are in for the same thing. gerri: on a i kk a lot of people are thinking about selling. obviously, the fiscal cliff is now in play. but they still can derail themselves. >> yes, i have been involved when it does. one of the big thngs is if financinfalls through. gerri: what you see taking these deals are part? >> financing is the numberne cause. back in the headache. most of the appraisers are coming in under what they should be. so that's a nigh
tax rate. it is humongous. gerri: we talk about people rushg to the year-end, what other kind of impact does that have? >> it's making everyone scramble on every part of everybody. the banks from everybody trying to get ahead of everyone else to get the closingschedules. getting all the paperwork in order. gerri: is every attorney throughout the country, every real estatebroker -- are they running to meet this deadline? >> i'm talking about being on the phone at 2:00 a.m. and 3:00...
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Dec 23, 2012
12/12
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KRCB
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he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially t problethe president faced th boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was pre- cleared by the leadership. the leadership was with him. this is not a question of -- quite bluntly, leaving and losing their virginity on the issue of tax cuts. it is an important thing for these republicans who have not voted. no republican in the ho
he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially t problethe president faced th boehner two years ago. last year. can he...
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Dec 28, 2012
12/12
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WBAL
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. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to sit down and have lines of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >> two weeks after the tragedy at sandy hook elementary, the topic of gun-control has heated up at the state
. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to...
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Dec 23, 2012
12/12
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MSNBCW
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hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared by the intelligence community. how could this possibly go wrong? believe it or not, things took a turn for the palin later on in her speech. quote, day after day, i engage in highly substantive, highly technical negotiations with my colleagues here at the u.n. like the russians. as a matter of fact, i can see the russian mission from my house. >>> finally, did you think the holidays would come and go without seeing president obama singing "deck the halls." not so. he is back in the game. ♪ deck the halls with bows of holly ♪ ♪ fa-
hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared...
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Dec 30, 2012
12/12
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KPIX
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capital games taxes, dividend taxes, estate taxes will all go up. everyone will see a 2% cut in your paycheck, since the payroll tax cut will expire. for every american that's about a $940 decrease in your annual takehome pay. we're talking about the child tax credit, the marital it penalty fixes, and on january 2, the stock market as you talked about, reopens, and the federal government reopens which means the sequestration kicks in. $110 billion in spending cuts a year for the next 10 years. that's a 9% cut in defense and 8% cut in domestic spending. and then we're not finished because january 7, that week, 2.1 million people will stop receiving their unemployment checks. all in all, economists say this could mean 3.4 million jobs lost and unemployment could reach 19.1% by the end of the 2013, and the u.s. will enter another recession, and yet congress can't get anything done >> there is a little bit of a cushion there. the i.r.s. didn't expect that we would get to this point. they thought congress would work something out, so it's not as if peopl
capital games taxes, dividend taxes, estate taxes will all go up. everyone will see a 2% cut in your paycheck, since the payroll tax cut will expire. for every american that's about a $940 decrease in your annual takehome pay. we're talking about the child tax credit, the marital it penalty fixes, and on january 2, the stock market as you talked about, reopens, and the federal government reopens which means the sequestration kicks in. $110 billion in spending cuts a year for the next 10 years....